Age Groups in Car Insurance – What to anticipate in every Bracket

It is no secret that insurance companies favor certain age groups over others. This has a drastic correlation with the cost of your policy. Differences can be ,000 or more! So, what are the different age brackets in auto insurance and what to expect in each bracket?

It is an accepted and proven fact that the most reckless age group is the under 25 bracket. This is because they are new drivers and have less experience. Teenagers especially are known for wild driving. If you are under 25 and married, your rate is likely to decrease because you are viewed as less reckless. It will go down even further if you have children.

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Studies have shown that younger drivers tend to have less experience and are more reckless than older drivers. The safest group is viewed as the 25-50 group. Therefore, those in this group are typically entitled to the greatest cost savings because insurance companies view this group as the safest and lowest risk drivers.

Age Groups in Car Insurance – What to anticipate in every Bracket

Your premium will likely increase after 50, though. At this age bracket you are more susceptible to illnesses and disabilities that can hamper your awareness on the road. Of course, regardless of your age, you can expect your insurance premium to increase and stay increased if you have an accident or other traffic violation.

The bottom line is that insurance companies are a business and want to make a profit. Therefore, they weigh their risks starting with age. The lower your age, the higher your premium, plain and simple.

Age Groups in Car Insurance – What to anticipate in every Bracket

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